FLOWING WELLS PLAZA€¦ · FLOWING WELLS PLAZA | 1280-1370 W. PRINCE RD., TUCSON, AZ 85705 7 FINANCIAL SUMMARY Price $7,750,000 Down 35% Current Cap 7.8% Pro Forma Cap 9.5% Price/SF

480.241.1475 [email protected]

Jason Fessinger602.820.8725 [email protected]

Kalen Rickard

FLOWING WELLS PLAZA1280-1370 W. PRINCE RD. TUCSON, ARIZONA 85705

https://vimeo.com/229859325/3040b57fd8

All materials and information received or derived from Coldwell Banker Commercial Advisors, its directors officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Coldwell Banker Commercial Advisors its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Coldwell Banker Commercial Advisorswill not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Coldwell Banker Commercial Advisors makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Coldwell Banker Commercial Advisors does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Coldwell Banker Commercial Advisors in compliance with all applicable fair housing and equal opportunity laws.

EXCLUSIVELY MARKETED BY: TABLE OF CONTENTS:

Executive Managing [email protected]

Jason Fessinger

Florham Realty Group, [email protected]

JAMES YACENDA

Senior Vice [email protected]

Kalen Rickard

PROPERTYINFORMATION

3

FINANCIAL ANALYSIS 6

LOCATIONINFORMATION

18

DEMOGRAPHICS 23

ADVISOR BIOS 27

2398 E. CAMELBACK ROADSUITE 520PHOENIX, ARIZONA 85018602.884.8345WWW.CBCADVISORS.COM

PROPERTYINFORMATION

4FLOWING WELLS PLAZA | 1280-1370 W. PRINCE RD., TUCSON, AZ 85705

EXECUTIVE SUMMARY

PROPERTY OVERVIEWColdwell Banker Commercial Advisors is pleased to present an opportunity to acquire a multi-tenant shopping center, Flowing Wells Plaza, located in Tucson, Arizona. Flowing Wells Plaza, anchored by Family Dollar and Rascon Mexican Grocery, is 93% occupied by a strong mix of national and local tenants including Title Max, Cricket Communications, Tucson Coinless Laundry, Hollywood Barber College, Marksman Pistol, Pappy’s Diner, Pappy’s Event Center, Pappy’s School Catering, and Rodney Young Insurance. All of the tenants are on NNN leases, except Pappy’s Storage, providing minimal landlord responsibilities.Several of the leases also include annual rental increases, option periods, and corporate guarantees.The offering affords the investor the rare opportunityto acquire a property within a dynamic city with immediate value added potential,due to annual rent increases and an existing5,900 SF vacancy. Flowing Wells Plaza is located at the hard corner signalized intersection of Prince Road and Flowing Wells Road (58,000 vehicles per day) with excellent visibility and multiple points of access. Additionally,the property is convenientlylocated 1 mile east of Interstate 10 (145,000 vehicles per day) with direct on/off access. The site is located across from Walgreens and O’Reilly Auto Parts. Other nearby national/credit tenants include Wells Fargo Bank, Auto Zone, Dollar General, Goodwill, H & R Block, and more, further enhancing consumer draw to the subject trade area. The 5-mile trade area is supported by a population of nearly 222,000 with an average household Income of $53,164.

PROPERTY SUMMARY

Sale Price: $7,750,000

Cap Rate: 7.8%

NOI: $604,481

Lot Size: 5.31 Acres

Building Size: 79,121 SF

Year Built: 1966

Renovated: 2008

Zoning: C-2, Tucson

Cross Streets: N. Flowing Wells Rd. & W. Prince Rd.


INVESTMENT HIGHLIGHTS

FAMILY DOLLAR ANCHORED SHOPPING CENTER NATIONAL TENANTS93% occupied by 10 tenantsStrong mix of national and local tenantsTenants include: TitleMax, Cricket Communications, Tucson Coinless Laundry, Hollywood Barber College, Marksman Pistol, Papp’s Diner, Pappy’s Event Center, Pappy’s School Catering, Rascon Grocery, and Rodney Young Insurance• 79,121 SF of retail space on 5.31 acres• Roof was completely restored in March, 2017. Storefront repainted• Parking has new slurry seal and restriping

ADJACENT TO INTERSTATE 10/ MAJOR THOROUGHFARE• Subject property is conveniently 1 mile east of interstate 10 (145,000 vehicles per day)• Along Prince Road (58,000 vehicles per day) with excellent visibility and access• Direct on/off ramp access on Prince RoadNNN LEASES / RENTAL INCREASES / OPTION PERIODS• Tenants are responsible for CAM, insurance, and taxes• Ideal, management-free investment for an out-of-state, passive investor• Several tenants have attractive annual rent increases and option periods

ACROSS FROM WALGREENS / NATIONAL TENANT PRESENCE• Flowing Wells Plaza is located across from Walgreens• Other nearby national/credit tenants in the trade area include Wells Fargo Bank, AutoZone, Dollar General, Goodwill, H&R Block and more• Increase consumer traffic to the subject trade areaAFFLUENT POPULATION WITHIN 5-MILE TRADE AREA• Nearly 222,100 residents and over 186,000 employees support the trade area• $53164 average household income

FINANCIALANALYSIS


FINANCIAL SUMMARYPrice $7,750,000

Down 35%

Current Cap 7.8%

Pro Forma Cap 9.5%

Price/SF $97.95

Pro Forma GRM -

Ownership Fee Simple

Property Information

Address1280-1370 W Prince Road

Tucson, AZ 85705

No. of Units 16

Year Built 1966

Parcel Size (SF) ± 231,303

Parcel Size (AC) 5.31

Net Rentable Sf 79,121

APN 106-06-0180 01

ANNUALIZED INCOME & EXPENSE

Income

Scheduled Rent Income -

Other Income -

Scheduled Gross Income -

Less: Vacancy/Other Deductions 7.0% $0

Effective Gross Income $830,622.00

Less: Operating Expenses 29% $242,519.85

Net Operating Income $604,885

Debt Service (65% of sale price of $7,750,000 = $5,037,500 at 4.5% per 25 year amount)

$336,001

Pre-Tax Cash Flow 9.5% $256,986

Principal Reduction $111,596

Total Return Before Taxes 13.6% $368,582

ANNUALIZED EXPENSES

Operating Expenses

Less Vacancy $0

Less Reimbursement Vacancy $26,245

Real Estate Taxes $108,687

Personal Property Taxes $0

Property Insurance $29,918

CAM $81,650

Management $22,265

Total Expenses $242,519.85

Total Expenses per Unit

Total Expenses per Sq. Ft. $3.07


INCOME & EXPENSESTotal Number of Units: 16

Total Rentable Area: 79,121 SF

I N C O M E

Scheduled Rent Income

Other Income

GROSS POTENTIAL INCOME

Vacancy/Collection Allowance (GPR)

EFFECTIVE GROSS INCOME $830,622.00

E X P E N S E S

Less Vacancy $0 -

Less Reimbursement Vacancy $26,245 -

Real Estate Taxes $108,687 -

Personal Property Taxes $0 -

Property Insurance $29,918 -

CAM $81,650 -

Management $22,265 -

TOTAL EXPENSES $242,519.85

Expenses per SF $3.07

Expenses per Unit

% of EGI

NET OPERATING INCOME $604,481

PRINCE RD. TENANT PSFRENT % SF AREA

LEASE EXECUTION

YEAR

BASE TERM YEAR TERM EXP. DATE OPTION INCREASES CAM/

TAXES GUARANTEE SECURITY DEPOSIT TOTAL

1330 Tucson Coinless Laundry 11.02 6.82% 5,400 1/1/1999 1/1/1999 20 years 3/31/2032 2 (5 year) 2.5% yes personal NNN none 59,523.57

1336 Hollywood Barber College 11.50 3.88% 3,070 4/1/2005 4/1/2005 3 years 9/30/2021 no option 3.5% yr yes personal NNN none 35,309.79

1344-1354 Family Dollar 6.70 13.69% 10,832 12/9/1998 12/31/2008 5 years 12/31/2018 1 5yr auto 0% yes corporate NNN none 72,600.00

1370 Title Max 15.00 2.88% 2,277 8/1/2012 1/1/2013 5years 12/31/2017 2(5yr) yes corporate NNN 2,846.25 36,555.00

1326 Cricket Communications 16.32 1.83% 1,450 5/1/2016 5/1/2010 5 Years 4/30/2021 1 (5 year) 2% per year yes corporate NNN $2,186.66 23,668.00

1280 Marksman Pistol 6.34 13.23% 10,471 6/1/2006 6/1/2006 5 years 7/31/2021 2(5year) 4% start 2017

yes personal NNN $3,000.00 66,427.99

1300 Pappys Dinner 12.50 5.56% 4,400 3/1/2009 3/1/2009 3 years 2/29/2020 1 (3year) 3.50% yes personal NNN none 55,017.90

1296 Pappys Catering 9.98 6.10% 4,823 9/1/2014 9/1/2014 5yrs 11/30/2020 1 3yr 1psf yrs 2&3 yes personal NNN 3693.25 48,149.67

*1290-1292 Pappys Event Center 9.09 8.53% 6,750 4/1/2015 3/1/2016 6years 2/28/2022 3 5yr 2.5% yes personal NNN 4443.75 61,326.50

1 Pappy’s Storage 4.55 2.06% 1,630 6/1/2016 5/31/2017 1 year 6/30/2018 0 n/a no personal Gross 0 7,416.00

1282 Liberty Tax 12.28 1.70% 1,348 5/1/2013 5/1/2013 5 years 4/30/2018 2 5yr 3% yrly Yes personal NNN 1500 16,554.44

1310 Rascon Grocery 6.60 18.96% 15,000 8/1/1998 5/1/2010 5 years 4/30/2021 1 (5 year) 0% yes corporate NNN none 99,000.00

1320 Rodney Young Insurance 15.54 1.91% 1,512 10/1/2014 1/1/2015 5years 1/13/2022 1 3 yr $1.00 yr 2&3 yes corp. NNN 1831.5 23,490.00

1322 Lanlord Storage Maintenance 0.00 1.31% 1,040

1324 vacant` 0.00 7.47% 5,907

1328 / Cost Less Outlet 8.00 4.06% 3,211 6/1/2017 6/1/2017 5years 5/31/2022 1 5 year 2.5% annual yes Personal NNN 13000 25,688.00

TOTAL BASE RENT 7.97 100.00% 79,121 $630,727

NOTES Marksman Increase 2 % every 2 yrs starting 2017 Less LL Share of CAM Ins Taxes on Vacant Space & Gross lease @ 3.06 psf

8577 sq ft (26,245.62)

NET OPERATING INCOME $604,481

1280-1370 W PRINCE ROAD, TUCSON, AZ | 9

RENT ROLL


BUDGET2017 BUDGET | COMMON AREA EXPENSES

Alarm Monitoring $1,200 $0.015

Parking Lot Repairs $1,400 $0.018

Building Repairs - Signs Painting $7,750 $0.098

Security Patrol $36,000 $0.455

Grounds Maintenance $12,500 $0.158

Site Electric $11,000 $0.139

Misc Expenses $500 $0.006

Telephone Expense $1,300 $0.016

Trash Removal $6,000 $0.076

Utilities - Water $4,000 $0.051

Total CAM $81,650 $1.032

Management Fee $22,265 $0.281

Insurance $29,918 $0.378

Property Taxes $108,686.85 $1.374

Total Management, Ins, Taxes $160,869.85 $2.033

Total CAM, Ins, Mgmnt, & Taxes $242,519.85 $3.065


DEPRECIATION

NEW BUYER’S ALLOCATION FOR ESTIMATED DEPRECIATION

Asset Date In Service Life Cost 2018 2019 2020 2021 2022 202 2024 2025 2026 2027 2028

Land 3/1/2018 $1,250,000

Site Improvements 3/1/2018 15 yrs $2,750,000 $2,750,000

Building 3/1/2018 39 yrs $3,656,750 $74,229 $93,763 $93,763 $93,763 $93,763 $93,763 $93,763 $93,763 $93,763 $93,763 $93,763

Loan Acquisition Costs 3/1/2018 10 yrs $93,250 $7,771 $9,325 $9,325 $9,325 $9,325 $9,325 $9,325 $9,325 $9,325 $9,325 $1,554

Totals $7,750,000 $2,832,000 $103,088 $103,088 $103,088 $103,088 $103,088 $103,088 $103,088 $103,088 $103,088 $95,317

Bonus depreciation of 100 for quali ed property acquired and placed in service after / /1 and before 1/1/ .


AMORTIZATION SCHEDULE






11 YEAR INCOMEFlowing Wells - Tucson, AZ

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

A. Gross Rental Net of LL Vacancy Loss of $26,245

TOTAL BASE RENTS (1)

Total Building = 79,122 SF

B. Total Expenses

Vacancy Reserve 5,907 SF Existing (2)

Replacement Reserve ($.15 PSF) x 79,121 SF 11,868$ 11,868$ 11,868$ 11,868$ 11,868$ 11,868$ 11,868$ 11,868$ 11,868$ 11,868$ 11,868$Landlord's Vacancy CAM Loss deducted previously from Base Rent "A" Above

TOTAL ADD BACK

C. Cash Flow Before Debt 592,987$ 608,108$ 623,607$ 639,494$ 655,778$ 672,470$ 689,578$ 707,114$ 725,089$ 743,512$ 762,397$

D. Debt Service - 65% Sale price of $7,750,000 (3) 336,001$ 336,001$ 336,001$ 336,001$ 336,001$ 336,001$ 336,001$ 336,001$ 336,001$ 336,001$ 336,001$

$5,037,500/4.5%/10 YR/25 YR. Amort.6.67 Constant

Actual Percentage of Cash on Cash Return

E. Net Cash Flow for Prefferred Distribution 256,986$ 272,107$ 287,606$ 303,493$ 319,777$ 336,469$ 353,577$ 371,113$ 389,088$ 407,511$ 426,396$

Based on $2,712,500 Capital

F. Principal Accrual 111,596$ 116,723$ 122,085$ 127,694$ 133,560$ 84,839$ 89,624$ 94,680$ 100,020$ 105,662$ 111,622$

G. Total Cash & Principal Accrual on Investment 368,582$ 388,830$ 409,691$ 431,187$ 453,337$ 421,308$ 443,201$ 465,793$ 489,108$ 513,173$ 538,018$

H. Effective % Return on Investment (4) 13.6% 14.3% 15.1% 15.9% 16.7% 15.5% 16.3% 17.2% 18.0% 18.9% 19.8%

I.Capitalization Value @ 7.8% on Cash Flow Before Debt Letter "C" Above (5) 7,754,551$ 7,948,410$ 8,147,115$ 8,350,795$ 8,559,564$ 8,773,564$ 8,992,897$ 9,217,718$ 9,448,167$ 9,684,359$ 9,926,474$

Based on Net Cash Flow before Debt. 4,925,904$ 4,809,181$ 4,687,096$ 4,559,402$ 4,425,842$ 4,341,003$ 4,251,379$ 4,156,700$ 4,056,679$ 3,951,017$ 3,839,394$

J. Less Existing Debt & Original Capital Investment 2,712,500$ 2,712,500$ 2,712,500$ 2,712,500$ 2,712,500$ 2,712,500$ 2,712,500$ 2,712,500$ 2,712,500$ 2,712,500$ 2,712,500$

K. Equity/Appreciation (6) 116,147$ 426,729$ 747,519$ 1,078,893$ 1,421,222$ 1,720,061$ 2,029,018$ 2,348,518$ 2,678,988$ 3,020,842$ 3,374,580$

L. Depreciation Shelter Effect on Total Cash & Principal Accrual Section "G" (8)

M. Taxable Distribution & Equity (Deduct G - L) (7) (2,715,853)$ (2,430,111)$ (2,123,508)$ (1,795,409)$ (1,445,160)$ (1,126,940)$ (786,827)$ (424,122)$ (38,102)$ 371,983$ 814,684$

1 Includes current annualized Net Base Rent of $604,855, and 2.5% year annual increases, net of Landlord vacancy loss

2 Landlord's Subsidity includes Replacement Reserve and CAM loss for Vacancy and Pappy's Gross Lease (Pappy's 1,630 SF/Landlord Utility Maintenance 1,040 SF and vacant space of 5,907 SF totalling 8,577 SF @ $3.06 PSF = $26,245. (See Rent Roll Report)

3 Debt Service: Loan Amount is $5,037,500 @ 4.5% Interest Rate (6.67% P & I) - 10 year term with a 25 year Amortization. Beginning in Year 6 the interest rate increases to 5.5% (7.37% Constant) for the next 6 years of the Pro-Forma Period.

4 Effective Return on Investment: Is the total of "E" and "F" above (Cash Return + Annual Principal Reduction)

5 Capitalization Value @ 7.8%: Is the value of asset determined by an acceptable return on the investment. We have applied a 7.8% Cap Rate, which is acceptable in today's current market rate for retail properties.

6 Equity Appreciation: Is current Capitalization Value less existing debt, and original cash equity capital investment.

7 Taxable Distribution: The actual taxable gain or loss of income for the calendar year

8Depreciation Shelter Effect on Total: Effective shelter on the total cash distribtution plus plus principal loan reduction, is based on most recent IRS regulations, which this year allows a bonus depreciation of 100% of this site cost allocation can be written off in year one. This provides significant avoidance of Federal Tax for the first nine (9) years. Due to new tax law for 2018

103,088$ 103,088$ 103,088$ 103,088$ 95,317$2,832,000$ 103,088$ 103,088$ 103,088$ 103,088$ 103,088$

15.7%

-$ -$ -$ -$ -$

13.0% 13.7% 14.3% 15.0%

-$ -$

9.5% 10.0% 10.6% 11.2% 11.8% 12.4%

A-1 - Revised 01/18/2018

-$ -$ -$ -$

BASED ON SALE PRICE OF $7,750,000

604,855$ 619,976$ 635,475$ 651,362$ 667,646$ 684,338$ 701,446$ 718,982$ 736,957$ 755,380$ 774,265$


ADDITIONAL PHOTOS

LOCATION INFORMATION

RENT ROLL


W. Prince Rd.

N. F

low

ing

Wel

ls R

d.

RENT ROLL


Flowing Wells High School 1280-1370 W. Prince Rd.

W. Prince Rd.

N. O

racle Rd.

N. Fairview

Ave.

N. Flow

ing Wells Rd.

Romero Road

W. Roger Rd.


REGIONAL MAP

W. Prince Rd.

W. Roger Rd.Rom

ero

Road

N F

low

ing

Wel

ls R

d.

N O

racl

e Rd

.

N F

airv

iew

Ave

W. Prince Rd.

E. Fort Lowell Rd.

W. Wetmore Rd.

1280-1370 W. Prince Rd.

RENT ROLL


DEMOGRAPHICS


DEMOGRAPHICS - 1 MILE

Demographic and Income Profile1310 W Prince Rd, Tucson, Arizona, 85705 Prepared by EsriRing: 1 mile radius Latitude: 32.27215

Longitude: -110.99358

Su r e u Population 14,352 14,800 14,994Households 6,057 6,128 6,167Families 3,254 3,228 3,215A erage Household Size 2.36 2.41 2.42Owner Occupied Housing Units 3,678 3,359 3,374Renter Occupied Housing Units 2,379 2,768 2,794Median Age 38.2 38.9 40.0

re : u e re S e oPopulation 0.26% 1.41% 0.83%Households 0.13% 1.35% 0.79%Families -0.08% 1.27% 0.71%Owner HHs 0.09% 1.32% 0.72%Median Household Income 1.08% 1.84% 2.12%

ou e o co e umber Percent umber Percent<$15,000 1,249 20.4% 1,242 20.1%$15,000 - $24,999 1,089 17.8% 1,049 17.0%$25,000 - $34,999 1,080 17.6% 972 15.8%$35,000 - $49,999 966 15.8% 887 14.4%$50,000 - $74,999 947 15.5% 978 15.9%$75,000 - $99,999 403 6.6% 494 8.0%$100,000 - $149,999 260 4.2% 359 5.8%$150,000 - $199,999 69 1.1% 103 1.7%$200,000+ 63 1.0% 84 1.4%

Median Household Income $30,934 $32,643A erage Household Income $42,718 $48,955Per Capita Income $18,188 $20,686

e u o u o e umber Percent umber Percent umber Percent0 - 4 1,027 7.2% 997 6.7% 985 6.6%5 - 9 937 6.5% 932 6.3% 947 6.3%10 - 14 856 6.0% 887 6.0% 918 6.1%15 - 19 959 6.7% 826 5.6% 855 5.7%20 - 24 1,047 7.3% 954 6.4% 841 5.6%25 - 34 1,845 12.9% 2,126 14.4% 2,015 13.4%35 - 44 1,653 11.5% 1,667 11.3% 1,817 12.1%45 - 54 1,886 13.1% 1,763 11.9% 1,682 11.2%55 - 64 1,690 11.8% 1,909 12.9% 1,941 12.9%65 - 74 1,217 8.5% 1,547 10.5% 1,742 11.6%75 - 84 900 6.3% 833 5.6% 937 6.2%

85+ 336 2.3% 360 2.4% 315 2.1%e u

ce c umber Percent umber Percent umber PercentWhite Alone 10,696 74.5% 10,581 71.5% 10,484 69.9%Black Alone 293 2.0% 327 2.2% 352 2.3%American Indian Alone 309 2.2% 358 2.4% 385 2.6%Asian Alone 259 1.8% 300 2.0% 329 2.2%Pacific Islander Alone 28 0.2% 33 0.2% 36 0.2%Some Other Race Alone 2,296 16.0% 2,662 18.0% 2,833 18.9%Two or More Races 471 3.3% 537 3.6% 576 3.8%

Hispanic Origin (Any Race) 6,320 44.0% 7,280 49.2% 7,878 52.5% o e: Income is e pressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

January 19, 2018

©2018 Esri Page 1 of 6



AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

14

12

10

8

6

4

2

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2017 Household Income 2017 Household Income

<$15K20.4%

$15K - $24K17.8%

$25K - $34K17.6%

$35K - $49K15.8%

$50K - $74K15.5%

$75K - $99K6.6%

$100K - $149K4.2%

$150K - $199K1.1%

$200K+1.0%

2017 Population by Race2017 Population by Race

Perc

ent

7065605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+

2017 Percent Hispanic Origin: 49.2%


January 19, 2018



DEMOGRAPHICS - 3 MILES




re : u e re S e oPopulation 0.44% 1.41% 0.83%Households 0.39% 1.35% 0.79%Families 0.17% 1.27% 0.71%Owner HHs 0.13% 1.32% 0.72%Median Household Income 1.34% 1.84% 2.12%

ou e o co e umber Percent umber Percent<$15,000 10,218 23.6% 10,282 23.3%$15,000 - $24,999 7,370 17.0% 7,010 15.9%$25,000 - $34,999 6,095 14.1% 5,628 12.8%$35,000 - $49,999 6,235 14.4% 5,800 13.1%$50,000 - $74,999 6,227 14.4% 6,523 14.8%$75,000 - $99,999 3,206 7.4% 3,852 8.7%$100,000 - $149,999 2,528 5.8% 3,230 7.3%$150,000 - $199,999 798 1.8% 1,021 2.3%$200,000+ 612 1.4% 794 1.8%


e u o u o e umber Percent umber Percent umber Percent0 - 4 6,700 6.8% 6,458 6.3% 6,607 6.3%5 - 9 5,798 5.9% 5,860 5.7% 5,850 5.6%10 - 14 5,442 5.5% 5,373 5.3% 5,472 5.2%15 - 19 6,965 7.0% 6,224 6.1% 6,190 5.9%20 - 24 12,455 12.6% 11,433 11.2% 10,891 10.4%25 - 34 15,256 15.4% 17,626 17.3% 17,543 16.8%35 - 44 11,504 11.6% 11,603 11.4% 12,653 12.1%45 - 54 12,101 12.2% 11,071 10.8% 10,612 10.2%55 - 64 10,682 10.8% 11,577 11.3% 11,522 11.0%65 - 74 6,173 6.2% 8,471 8.3% 9,667 9.3%75 - 84 4,081 4.1% 4,284 4.2% 5,239 5.0%

85+ 1,837 1.9% 2,182 2.1% 2,210 2.1%e u

ce c umber Percent umber Percent umber PercentWhite Alone 68,069 68.8% 67,453 66.0% 67,325 64.5%Black Alone 4,208 4.3% 4,588 4.5% 4,901 4.7%American Indian Alone 3,433 3.5% 3,771 3.7% 4,006 3.8%Asian Alone 3,473 3.5% 4,124 4.0% 4,605 4.4%Pacific Islander Alone 175 0.2% 192 0.2% 206 0.2%Some Other Race Alone 15,479 15.6% 17,390 17.0% 18,422 17.6%Two or More Races 4,156 4.2% 4,644 4.5% 4,989 4.8%



January 19, 2018




AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2


20172022


Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K23.6%

$15K - $24K17.0%

$25K - $34K14.1%

$35K - $49K14.4%

$50K - $74K14.4%

$75K - $99K7.4%

$100K - $149K5.8%

$150K - $199K1.8%

$200K+1.4%


Perc

ent

65605550454035302520151050




January 19, 2018






re : u e re S e oPopulation 0.47% 1.41% 0.83%Households 0.45% 1.35% 0.79%Families 0.23% 1.27% 0.71%Owner HHs 0.21% 1.32% 0.72%Median Household Income 1.65% 1.84% 2.12%

ou e o co e umber Percent umber Percent<$15,000 19,750 21.0% 19,668 20.5%$15,000 - $24,999 13,422 14.3% 12,651 13.2%$25,000 - $34,999 12,376 13.2% 11,388 11.8%$35,000 - $49,999 13,288 14.1% 12,302 12.8%$50,000 - $74,999 14,232 15.1% 14,882 15.5%$75,000 - $99,999 8,193 8.7% 9,661 10.1%$100,000 - $149,999 7,157 7.6% 8,830 9.2%$150,000 - $199,999 2,733 2.9% 3,328 3.5%$200,000+ 2,829 3.0% 3,393 3.5%


e u o u o e umber Percent umber Percent umber Percent0 - 4 12,341 5.7% 11,915 5.4% 12,285 5.4%5 - 9 10,968 5.1% 10,990 4.9% 10,954 4.8%10 - 14 10,410 4.8% 10,349 4.7% 10,476 4.6%15 - 19 19,146 8.9% 17,839 8.0% 17,850 7.8%20 - 24 29,012 13.5% 26,974 12.1% 25,853 11.4%25 - 34 32,445 15.1% 37,536 16.9% 37,710 16.6%35 - 44 23,910 11.1% 24,326 10.9% 26,748 11.8%45 - 54 26,363 12.3% 23,582 10.6% 22,540 9.9%55 - 64 24,448 11.4% 26,051 11.7% 25,182 11.1%65 - 74 13,545 6.3% 18,958 8.5% 21,880 9.6%75 - 84 8,311 3.9% 9,043 4.1% 11,314 5.0%

85+ 4,139 1.9% 4,687 2.1% 4,759 2.1%e u

ce c umber Percent umber Percent umber PercentWhite Alone 157,277 73.1% 156,280 70.3% 156,236 68.7%Black Alone 8,467 3.9% 9,383 4.2% 10,093 4.4%American Indian Alone 6,008 2.8% 6,734 3.0% 7,215 3.2%Asian Alone 7,981 3.7% 9,606 4.3% 10,835 4.8%Pacific Islander Alone 394 0.2% 439 0.2% 473 0.2%Some Other Race Alone 26,277 12.2% 29,972 13.5% 32,012 14.1%Two or More Races 8,634 4.0% 9,836 4.4% 10,689 4.7%



January 19, 2018




AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2


20172022


Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K21.0%

$15K - $24K14.3%

$25K - $34K13.2%

$35K - $49K14.1%

$50K - $74K15.1%

$75K - $99K8.7%

$100K - $149K7.6%

$150K - $199K2.9%

$200K+3.0%


Perc

ent

7065605550454035302520151050




January 19, 2018


DEMOGRAPHICS - 5 MILES

ADVISOR BIOS

Specialties: Retail

Jason Fessinger joins CBC Advisors as an Executive Managing Partner of the Phoenix office, specializing in retail agency leasing, retailer representation, and capital markets acquisitions and dispositions in Arizona.

Prior to joining CBC Advisors, Jason Fessinger was a founding Partner at Strategic Retail Group. His leadership and guidance was crucial to forming and growing the company for over a decade including navigation through the great recession. Prior to forming Strategic Retail Group, Fessinger was an integral member of the retail teams at Trammel Crow Company and Insignia/ESG. Fessinger is a native of Arizona, having graduated from Arizona State University.

Fessinger’s dedication to honesty and integrity is second to none. He thrives on providing accurate and timely information to his clients in order to aid the clients’ decision making. Jason’s ability to creatively structure many different transactions, through out-of-the-box thinking, has provided his clients with innumerable results.

Fessinger’s success is not limited to any class, size, or quality of retail asset. His Landlord clients encompass institutional Fortune 100 level companies, high net worth individuals, syndicated real estate funds, receivers of bank-controlled assets, national retail developers, and multigenerational family held assets. Jason has an innate ability to tailor his approach to all levels of real estate expertise, providing a clear and simple explanation of complicated and sophisticated transactions. Simply stated, Jason is an expert trusted advisor.

Fessinger has also represented many buyers and sellers of retail assets and land in the Arizona market. His investment transactions span the purchase of raw land for development, pad sales, vacant buildings for repositioning, single-tenant triple net investments, and the sale of retail strip and grocery-anchored centers. His fact and experience based analysis of retail assets provides his clients clear direction tailored to their individual goals.

Jason is an active member of International Council of Shopping Centers and has been recognized multiple times as a Costar Power Broker of the Year. Outside the office Fessinger likes to help in charitable fashion with St. Jude Children’s Hospital, CASS – Central Arizona Shelter Services, and the Phoenix Kollel.

ASSET SERVICES | BROKERAGE | CORPORATE SERVICES | MERGERS AND ACQUISITIONS

Phoenix Office | 2398 E. Camelback Rd. | Phoenix, AZ 8018 | 602.884.8345 | www.cbcadvisors.com

602.892.8664 Office480.241.1475 [email protected]

JASON FESSINGEREXECUTIVE MANAGING PARTNER

Specialties: Retail

Kalen Rickard joins CBC Advisors as a Senior Vice President specializing in retailer representation, retail agency leasing and capital markets acquisitions and dispositions. Prior to joining CBC Advisors, Kalen was a Vice President at Strategic Retail Group. Having started his career only months before the start of the great recession, Kalen provides a unique perspective on commercial real estate.

A Phoenix native, Kalen graduated from Brophy College Preparatory earning the President’s Scholarship to Arizona State University. He went on to earn a bachelor’s degree from ASU while being a re-founding father of Sigma Nu Fraternity – Zeta Upsilon Chapter and playing for the Sun Devils lacrosse team.

Rickard provides an extensive locational knowledge, creative market strategies, strong attention to detail and a high level of energy on behalf of his clients. His ability to quickly understand economic details of transactions, as well as to thoroughly understanding of complicated legal matters differentiates him.

Kalen represents national, regional and local tenants with their site selection needs in the Arizona market. He builds market entry plans, cultivates market specific site selection criteria, develops competitive site analysis and negotiates successful long-term transactions on behalf of his clients.

Rickard’s advanced market knowledge and vast transactional knowledge aids his retailer, landlord and developer clients alike. He represents owners of real estate encompassing Fortune 100 companies, publicly-traded real estate investment trusts, syndicated real estate funds, receivers of bank-controlled assets, national and local retail developers, multigenerational family held assets and high net worth individuals alike. His tailored approach to each client is based on superior market data as well as experience-based analysis that continues to provide proven results.

Kalen contributes expert advice on capital markets transactions on behalf of his clients as well, having represented both buyers and sellers of retail commercial real estate. He has an innate ability to quickly understand assets’ financial merits, inherent risk profile, design concerns and constraints and market conditions.

Kalen is an active member of International Council of Shopping Centers, having served on the Southwest Idea Exchange planning committee. He has served as a team captain for Brokers for Kids and served on the Sigma Nu – Zeta Upsilon alumni housing board. Kalen is also involved with the Ronald McDonald House, Backcountry Hunters and Anglers and the Brophy Community Foundation. Outside the office, he can be found on the golf course, at a new restaurant or exploring a new location around the world.

ASSET SERVICES | BROKERAGE | CORPORATE SERVICES | MERGERS AND ACQUISITIONS

Phoenix Office | 2398 E. Camelback Rd. | Phoenix, AZ 8018 | 602.884.8345 | www.cbcadvisors.com

KALEN RICKARD

602.910.6486 Office602.820.8725 [email protected]

SENIOR VICE PRESIDENT@KALENRICKARD

Documents

FLOWING WELLS PLAZA€¦ · FLOWING WELLS PLAZA | 1280-1370 W. PRINCE RD., TUCSON, AZ 85705 7 FINANCIAL SUMMARY Price $7,750,000 Down 35% Current Cap 7.8% Pro Forma Cap 9.5% Price/SF